Retail Building

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30819446
Property Subtypes: Convenience Store, Free-Standing Building, Retail-Pad, Street Retail, Other
Building Size (RSF): 1,250 SF
Gross Building Area: 1,300 SF
Sale Price: $900,000
Unit Price: $720 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Keith St Retail
Sale Terms: Cash to Seller
Cap Rate: 5.7%
Last Updated: 3/13/2023

Overview / Comments

Great little commercial building with excellent visibility! Built in 2019 - Located next to Walgreens & Tire Discounters just across the street from Wal-Mart.

Current tenant under lease until 2025 with 2 options to renew.

Current Tenants

Tenant Business Name Tobacco Sky
Industry Type Retail Trade
Is Renting? Yes
Employees at Location 2
SF of Space Occupied 1,250 SF
Current Rent $4,500 PSF (Annual)
Options 2

Additional Details

Nearest MSA: Cleveland
County: Bradley
Taxing Authority: City of Cleveland
Tax ID/APN: 042B C 001.00 C 017
Zoning: CH - HIGHWAY COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Recreation
Property Located Between: Tire Discounters & Walgreens
Property Visibility: Excellent
Largest Nearby Street: Lee Hwy
Feet of Frontage: 97
Traffic/Vehicle Count: 29,416
Area Description: Major retail/shopping district
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,250 SF
Property Condition: Excellent
Year Built: 2019
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: Stone & stucco
Total Parking Spaces: 5
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Currently built out as 2 spaces, could be combined or divided.
Zoning Description: Highway commercial zoning
Lot Frontage: 97
Lot Depth: 171
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,696 40,711 58,587
Median Age: 39.37 37.04 37.14
Households: 1,123 15,672 22,632

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